Traditional accounting textbooks are often text-heavy and relegate actual accounting problems to back-of-the-chapter status. In contrast, Mastering Managerial Accounting helps students learn by doing. It emphasizes working through problems over reading about theory and identifies clear procedures for completing each problem successfully.
Well-organized chapters include recommended readings from numerous sources and a concise explanation of relevant theory. The heart of each chapter features an appropriate method for solving problems, an illustrative example, and an introductory stop-check problem for immediate application.
Topics include the operating budget, variance analysis, capital budgeting under uncertainty, cost and service department allocation, job and normal costing, pricing, and production under constraints.